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Top News of the Week: 1. Funding: - During the week, 36 Indian startups raised around $628.24 million in funding. These deals count 14 growth-stage deals and 17 early-stage deals while 5 startups kept their transaction details undisclosed. - Among the growth-stage deals, 14 startups raised $566.44 million in funding this week. Edtech startup Physics Wallah spearheaded with a $210 million funding round. - SaaS-based digital adoption solution provider Whatfix raised $100 million followed by, API infrastructure platform M2P Fintech, omnichannel diagnostics service provider Redcliffe, digital infrastructure company iBUS, and mobility startup Everest Fleet with $50 million, $42 million, $34 million, and $30 million in funding, respectively. - Swiggy continued to onboard big names under its investor list, including Madhuri Dixit, Ritesh Malik, and Moder Insulators in its pre-IPO funding. - 17 early-stage startups secured funding worth $61.8 million during the week. Fintech startup Kaleidofin led the list followed by data intelligence platform e6data, luxury wellness clinic chain The Wellness Co (Rollins International), SaaS-enabled marketplace for metal manufacturers NowPurchase, and vacation home rentals platform ELIVAAS among others. - As many as 5 startups that did not disclose the funding amount raised are; Venttup, Kaatil, Salt Oral Care, Ticket9, and TraqCheck. 2. Mergers and Acquisitions: - 5 acquisition deals happened this week. Fintech startup Veefin acquired a 26% stake in EpikIndifi, infra solutions provider Acru by Stockal, influencer marketing brand OPA by Wondrlab, and computer vision firm AJA Vision Technologies by Marsh Harrier. - Oyo also marked one of its largest acquisitions by snapping up G6 Hospitality, which operates Motel 6 and Studio 6 brands. 3. Layoffs: - Byju’s-owned Aakash Educational Services Limited (AESL) laid off 80 to 100 employees over the past couple of months. Several long-time employees, some with over 4 years of service, were also laid off in the past few weeks. Other Developments: - MobiKwik’s Zaakpay partners Meta to offer in-app payments on WhatsApp - GoMechanic gears up for EV workshop expansion - Moglix to invest $50M in Credlix expansion to US, Mexico - D2C brand Kapiva to raise ~$40 Mn funding - Qure.ai eyes $60 Mn funding to expand operations - Livspace revenue crosses Rs 1,200 Cr in FY24; losses shrink by 46% - ProcMart GMV zooms 3X to Rs 621 Cr in FY24; profit slips 56% - MensXP looks to break free from Mensa Brands - EY resigns as advisor to BYJU’S IRP amidst controversy: Report - Quick Commerce players under CCI scrutiny - PhonePe captures 50% of UPI market share by value in August - Elara Capital sees a lower valuation for Swiggy compared to Zomato - Infibeam entering UPI payments with a new app RediffPay - Amazon selects 7 Indian startups for global accelerator program - Ola Electric can achieve EBITDA breakeven by FY27: Goldman Sachs Stay Updated. Stay Informed. Stay Ahead. Share the Medial App with your network, colleagues, and friends. Let's brainstorm, discuss together and help each other achieve our goals. And don't forget to rate us on the iOS App Store and Google Play Store to help us reach even more amazing people like you.